Moonbat heartthrob Hugo Chavez is thankfully dead, but the socialism he inflicted remains in place around Venezuela’s neck. One indication of this is shortages reminiscent of the Soviet Union:
First milk, butter, coffee and cornmeal ran short. Now Venezuela is running out of the most basic of necessities — toilet paper.
As in all socialist countries, the free market and its advocates are held to blame…
President Nicolas Maduro, who was selected by the dying Hugo Chavez to carry on his “Bolivarian revolution,” claims that anti-government forces, including the private sector, are causing the shortages in an effort to destabilize the country.
…even though the actual culprit is government:
Economists say Venezuela’s shortages stem from price controls meant to make basic goods available to the poorest parts of society and the government’s controls on foreign currency.
“State-controlled prices — prices that are set below market-clearing price — always result in shortages. The shortage problem will only get worse, as it did over the years in the Soviet Union,” said Steve Hanke, professor of economics at Johns Hopkins University.
Venezuela sits atop an ocean of oil. Given economic freedom, people would be wiping with bank notes. But no country is so wealthy that collectivism can’t render it too poor to meet basic needs — as America will learn soon if we don’t change course.
On tips from Artfldgr, Varla, The MaryHunter, Lyle, Muddypaw, and Bob Roberts.